Thousands of international companies join Dubai Chamber of Commerce in 2023
Dubai, UAE--A study undertaken by Dubai Chamber of Commerce has revealed that Indian investors topped the list of nationalities of...
Business
Qatar real estate trading volume amounts to US$382m in February 2024
DOHA, QATAR – The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at...
Business
Business
Borouge is in FTSE Series
ADNOC, Borealis are majority shareholders in Borouge.
- FTSE Russell’s indices are used by investors globally to inform asset allocation decisions and support portfolio construction
- Borouge is one of the world’s leading providers of innovative and differentiated polyolefin solutions for the infrastructure, energy, agriculture, mobility and healthcare
Economy
Oman, Tanzania establish Joint Investment Fund
Oman foreign minister Al Busaidi anticipated the surge of trade deals between the two countries, especially after signing several MoUs.
- Oman foreign minister Al Busaidi anticipated the surge of trade deals between the two countries, especially after signing several MoUs
- He revealed that the two countries would later sign MoU to collaborate on economic, investment, tourism and energy projects
Economy
Realty helps UAE’s economy settle into new normal
The UAE's residential real estate market is poised to grow at a CAGR of 12.36 percent by 2026, Sharjah Sustainable...
- The UAE's residential real estate market is poised to grow at a CAGR of 12.36 percent by 2026, Sharjah Sustainable City CEO Yousif Ahmed Al-Mutawa tells TRENDS
- Appetite for villas and townhouses will grow in upcoming years due to the rise of work-at-home trends and social isolation, as well as the expansion of residential areas
Economy
Saudi Arabia issues interim licenses for digital govt business
Saudi Arabia's Digital Government Authority issued the first package of interim licenses for digital government business to three companies -...
- Saudi Arabia's Digital Government Authority issues interim licenses for digital government business to three companies
- Elm, Takamol Business Services and Thiqah to develop and operate 15 existing digital government platforms and products
Business
Saudi Arabia adopts online registration for Hajj to combat scams
Saudi Arabia has required would-be hajj pilgrims from many Western countries to apply for visas via a government portal online,...
- It applies to the United States, Canada, the United Kingdom, Europe and Australia, an official told AFP on condition of anonymity.
- Previously, pilgrims could register via travel agencies that organised hajj trips, a system that sometimes led to scams, with "fake agencies" making off with victims' money.
Economy
Germany, UAE can jointly invest in ‘new economy’, says top diplomat
Germany and the UAE as strong economic partners will continue trade but they can make joint investments in the 'new...
- Germany and the UAE as strong economic partners will continue with their trade in the traditional economy
- Both the countries can make joint investments in the 'new economy' that will help achieve their net-zero targets
Business
Gulf’s first dedicated furniture exhibition kicked off Monday
The first edition in Dubai catered to big-box retailers and wholesale traders, while the second edition is set to have...
- The Expo Center Sharjah announced this, while confirming that the event will finish Thursday, 16th June.
- The first two days are dedicated to trade visitors and the latter two days are dedicated to general visitors.
Business
US stocks down again as S&P 500 breaches bear market
Wall Street stocks sank early Monday, tumbling into a "bear market" in anticipation of more Federal Reserve monetary tightening this...
- The market's losses come on the heels of three straight down sessions, put the S&P 500 into a bear market.
- About 35 minutes into trading, the broad-based S&P 500 was at 3,796.66, down 2.7 from Friday's session.
Business
NEOM awards contracts for construction of high-speed transportation tunnels
NEOM has awarded two contracts to two consortiums for the construction of two tunnels with a length of 28 kilometers...
- The two contracts were awarded to two consortiums consisting of engineering and construction companies.
- NEOM said the project will be implemented in accordance with the best international practices used to protect the environment.
Economy
‘Made in Saudi’ takes part in 17th OIC Member States Trade Fair
The Made in Saudi program is participating in the 17th Organization of Islamic Cooperation (OIC) Member States Trade Fair
- The Made in Saudi program's participation shows international trade fairs help companies reach global markets
- The event is considered a platform to display goods and services and to discuss about strategic partnerships
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Thousands of international companies join Dubai Chamber of Commerce in 2023
Dubai, UAE--A study undertaken by Dubai Chamber of Commerce has revealed that Indian investors topped the list of nationalities of...
Business
Company News
DUBAL, Oriental Copper ink MoU
Business
SABIC H1 net profit slumps 87%
Business
Lufthansa profit soars
Business
Nakilat profit up 6.1%
Business
Latest News
Agthia Group profit vaults 6.6%
Business
ADNOC Drilling to pay $358m dividend
The company's H1 revenue increased by 13% to $1.4 billion.
Business
Borouge signs supply pact with NPCC
Borouge will also supply critical materials for UAE energy projects.
Business
Delta suspends Israel flights through October 31
The suspension of flights by the airline follows similar decisions by American Airlines, Air France, Lufthansa, Emirates and Ryanair and...
Business
Most Read
Business
Evergrande shares begin trading
The shares dropped nearly 9 percent at the close of trading.
- Evergrande Vehicle was the last to resume trade, one week later than Evergrande Group and Evergrande Property Services.
- Trading of all three Evergrande companies listed in Hong Kong was halted on September 28, after its founder Xu Jiayin was suspected of illegal crimes.
Business
Al Etihad Payments partners with NIPL to develop UAE Domestic Card Scheme
ABU DHABI, UAE – Al Etihad Payments (AEP), a wholly-owned subsidiary of the Central Bank of the UAE (CBUAE), and...
- To be launched in early 2024, the card scheme will aim to facilitate the growth of e-commerce and digital transactions in the UAE.
- It will bolster financial inclusion, support the nation’s digitization, increase alternative payment options and enhance the UAE’s competitiveness.
Geostrategy
Saudi Arabia launches mechanism to advance global climate goals
RIYADH, SAUDI ARABIA - The Clean Development Mechanism Designated National Authority (CDMDNA) announced on Monday the operation of Saudi Arabia's...
- Greenhouse Gas Crediting and Offsetting Mechanism will be accessible to all entities within the Kingdom.
- This step reflects the Kingdom’s role in addressing climate challenges and enabling institutions to tackle their emissions.